Harrington Investments INC Trims Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Harrington Investments INC trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,531 shares of the company’s stock after selling 995 shares during the quarter. Church & Dwight accounts for approximately 2.0% of Harrington Investments INC’s holdings, making the stock its 16th biggest holding. Harrington Investments INC’s holdings in Church & Dwight were worth $3,476,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CHD. Private Advisor Group LLC boosted its stake in Church & Dwight by 1.5% in the fourth quarter. Private Advisor Group LLC now owns 15,165 shares of the company’s stock valued at $1,434,000 after acquiring an additional 230 shares in the last quarter. Lincoln National Corp boosted its stake in Church & Dwight by 108.0% in the fourth quarter. Lincoln National Corp now owns 5,116 shares of the company’s stock valued at $484,000 after acquiring an additional 2,656 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in Church & Dwight by 6.7% in the fourth quarter. Wealthspire Advisors LLC now owns 3,444 shares of the company’s stock valued at $326,000 after acquiring an additional 217 shares in the last quarter. Principal Securities Inc. acquired a new stake in Church & Dwight in the fourth quarter valued at approximately $155,000. Finally, BNP Paribas Financial Markets boosted its stake in Church & Dwight by 40.6% in the fourth quarter. BNP Paribas Financial Markets now owns 416,061 shares of the company’s stock valued at $39,343,000 after acquiring an additional 120,076 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The disclosure for this sale can be found here. Insiders sold 200,722 shares of company stock valued at $20,986,416 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research note on Monday. BNP Paribas assumed coverage on shares of Church & Dwight in a report on Monday, June 24th. They issued a “neutral” rating and a $114.00 price target on the stock. Stifel Nicolaus lowered their price target on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, August 5th. TD Cowen assumed coverage on shares of Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target on the stock. Finally, Barclays upped their price target on shares of Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $106.58.

Church & Dwight Stock Performance

NYSE:CHD opened at $105.18 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. The stock has a market capitalization of $25.75 billion, a P/E ratio of 33.39, a PEG ratio of 3.55 and a beta of 0.54. The company has a 50 day moving average price of $102.24 and a 200 day moving average price of $104.01. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $110.31.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.43 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.2838 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.08%. Church & Dwight’s dividend payout ratio is presently 35.87%.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.